Qingdao Port Group 0 yuan eat Weihai Port assets will be injected into the listing platform

 Qingdao Port Group 0 yuan eat Weihai Port assets will be injected into the listing platform

At the time of the basic formation of port integration in the South and the acceleration of integration in Liaoning Province, Shandong Province, which is close to Liaoning Province, has already formulated a three-step strategy to boost its marine economy. Among them, the integration of Weihai Port with Qingdao Port as the platform is the second step of the strategy. Several industry insiders said that the transfer of assets from Weihai Port to Qingdao Port was a sign that Shandong Port entered a period of deep integration. After the successful transfer of assets, it means that the second step of integration in Shandong Province has been largely completed.

Shandong Ports Take the Second Step of Integration

After taking the first step a year ago, the second step of port integration in Shandong Province has finally taken place.

The announcement of the evening of July 9 of Qingdao Port shows that Qingdao SASAC, Qingdao Port Group, Weihai SAC and Weihai Port Group Co., Ltd. signed the Agreement on the Free Transfer of State-owned Property Rights on the same day, and Weihai SAC delimited its 100% share of Weihai Port (excluding non-operational assets and corresponding liabilities) free of charge. Transfer to Qingdao Port Group.

After the transfer is completed, Qingdao Port Group will become the sole shareholder of Weihai Port. So far, after one year, Shandong Port Integration has taken substantial action again.

Shandong High Speed Group disclosed to Daily Economic News that the integration of the three ports mentioned above is only the first step of the integration of Shandong Ports. The next step is to integrate Weihai Port on the platform of Qingdao Port. The third step is to set up Shandong Port Investment Holding Group Company to coordinate the development of the whole provinces ports.

On February 14, this year, Gong, Deputy Secretary of the Shandong Provincial Committee and governor of Shandong Province, mentioned in his report on the work of the government that the Shandong Provincial Government was studying and formulating a plan for the formation of the Shandong Port Group, aiming at insisting on the integration of port development, intellectualization of equipment, high-end industry and synergy of port and city development, and promoting Shandong International. Shipping center construction.

Reporters noted that as early as the 2018 Shandong Provincial Conference, Gong Zheng mentioned that in the future, we will open up a new way to build a strong marine province. Shandong will plan to promote the construction of Qingdao Port, Bohai Bay Port, Yantai Port and Rizhao Port, and set up Shandong Port Investment Holding Group in good time.

From the distribution of ports, Shandong Province has three major national ports, Qingdao, Rizhao and Yantai, as well as four important regional ports, Weihai, Weifang, Dongying and Binzhou. That is to say, with the listing of Shandong Bohai Bay Port Group, only Weihai Port has not been determined in the four regional ports of Shandong Province.

Assets will be injected into Qingdao Port

In January this year, with the formal return of Qingdao Port to A-share, the pace of port integration in Shandong began to accelerate.

Port integration is not about who swallowed up who, we should encourage the integration of port resources with capital as a link. Speaking of port integration, a senior person of Qingdao Port once told Daily Economic News that the joint efforts of regional port development should be formed through market means, so as to optimize the allocation and rational utilization of resources and serve regional economic development.

According to the data from Shandong Transport Department, by the end of 2018, the total cargo throughput of Shandong coastal ports had reached 1.61 billion tons, an increase of 6.4% over the previous year. Among them, foreign trade throughput had reached 850 million tons, an increase of 5.8% over the previous year, and container throughput had reached 27.649 million standard boxes, an increase of 8% over the previous year.

From the point of view of many people in the transportation industry, the prelude of port resource integration has already begun in all provinces of the country, but Shandong is the deepwater area and hard bone of port and shipping reform.

From the perspective of business scope, Weihai Ports main business is the handling and supporting services of containers, metal ore, coal and other goods, logistics and port value-added services, port supporting services, financial leasing services, passenger-roll liner transport services, etc.

In fact, although not as good as Qingdao Port, Weihai Port is also an opponent of Qingdao Port. Reporters noted that Weihai Port ranked fourth in throughput among the seven first-class ports along the coast of Shandong Province, but under the strategy of expanding to the west, Weihai Ports appetite is also growing, and it also wants to use the power of capital.

In 2018, a person from Weihai Port told reporters that the listing work is progressing steadily. The original plan was to go public in 2019.

According to the announcement of 9 July, Qingdao Port actively regulates and develops the above-mentioned competitive businesses and assets in accordance with the principles conducive to safeguarding the interests of investors, creating conditions for such businesses and assets to be injected into Qingdao Port, and within 36 months after the completion of the registration of changes in equity, industry and Commerce and state-owned property rights in Weihai Port, in accordance with applicable laws. The relevant laws and regulations as well as the articles of association of the group and Qingdao Port Company shall be injected into Qingdao Port after fulfilling the corresponding internal decision-making procedures.

Source: Daily Economic News Responsible Editor: Yang Bin_NF4368